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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html t$ y" f* C: I) n6 n
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WE ARE PETRO-CANADIANS
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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4 [( w3 `0 ~1 F3 ?We must now be referred to as "Petro-Canadians." 0 S& Z& }$ \( E8 P; N* ]/ F: ]8 \
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WHY SELL NOW?
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If I didn't own a house in Edmonton, I'd buy right now, with the current 10% dip in prices that have doubled in the past three years.
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If I was thinking of selling, I'd hold off until 2008 or 2010.
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) o( F7 _8 J3 X: ~) \* N, Q6 cHouse prices, with a few peaks and valleys along the way, will continue to increase.
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/ E* X- e9 Z8 i0 `, O( OWe don't quite get it. ' `: @. p1 i1 M8 a9 o: j
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We're squat in the middle of the greatest industrial boom in the freakin' world! ' a" u4 H+ s% I- |% a) ^5 n
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In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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" U3 ]2 {% B- ]$ c8 _& VEven with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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! M! t3 [. V9 R6 u# U0 j+ L3 EUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. 8 m. T" T; s2 F( i& N
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region.
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Y* U/ P% W; j% w* z$ cEvery expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. ( d" M' W: g8 K$ K X. B/ }
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. 5 s9 c U1 `! o, G1 a/ h
; c V; k$ m7 ^# RAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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House prices will go nowhere but up. |
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